The Gug Letter

The Gug Letter

Institutions Fueling Bitcoin

Where is the top?

Joe Guglielmucci's avatar
Joe Guglielmucci
Feb 28, 2021
∙ Paid
Share

In today’s post, we will talk about institutional investing into Bitcoin. Many of these corporations are adding Bitcoin to their balance sheet.

ARK Investment Management LLC owns 20,226 Bitcoin ($4.4B) coming in at the #1 spot for institutional ownership. #2 is KINETICS Internet owns 15,284 Bitcoin.

PayPal is estimated to have purchased over 70% of all …

Keep reading with a 7-day free trial

Subscribe to The Gug Letter to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Joe Guglielmucci
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture